Add-on Acquisition • Metals/Mining

PrimoTECS Acquires Rasche Umformtechnik

On October 11, 2021, PrimoTECS acquired metals/mining company Rasche Umformtechnik

Acquisition Context
  • This is PrimoTECS’s 1st transaction in the Metals/Mining sector.
  • This is PrimoTECS’s 1st transaction in Germany.

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M&A Deal Summary

Date October 11, 2021
Target Rasche Umformtechnik
Sector Metals/Mining
Buyer(s) PrimoTECS
Deal Type Add-on Acquisition

Target Company

Rasche Umformtechnik

Plettenberg, Germany
Rasche Umformtechnik manufactures forged steel parts for, amongst others, the automotive, aviation, and agriculture industries. Rasche Umformtechnik is based in Plettenberg, Germany.
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Buyer Overview 1

Buyer

PrimoTECS

Avigliana, Italy

Category Company
Founded 2020
Sector Automotive
Employees670
DESCRIPTION

PrimoTECS is a manufacturer of high-quality components for Tier 1 and Tier 2 suppliers in the automotive industry. PRIMOTECS employs approx. 670 people and operates two production sites in Northern Italy, where it produces components for use in electric, hybrid and conventional powertrains. PrimoTECS was founded in 2020 and is based in Avigliana, Italy.


Deal Context for Buyer #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Germany 1 of 1
Year: 2021 1 of 1